$52.4bn
$X.Xbn
232k
32,549
$XX.Xbn
Volatile input prices and numerous diverse shifts in consumer tastes have challenged bread producers, but declining revenue has not been baked into performance. Producers have adjusted their product mix to align with changing consumer preferences and decreased sales volumes in key product segments. Bread, a long-standing staple in the US diet, has been given a new look -- whole grain, multigrain, sprouted, gluten-free and low-carb. In the dessert market, producers are bringing treats with reduced sugar and fat content to the table, packed with whole grains and nutrient-rich ingredients, naturally sourced ingredients and even providing diabetic-friendly options.
Industry revenue has declined at a CAGR of 0.2 % over the past five years, to reach an estimated $52.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Flowers Foods, Inc. | 5,231.2 | 184.6 | 3.5 | |
Grupo Bimbo Sab De Cv | 3,096.9 | 252.4 | 8.1 | |
Harvest Moon Baking Company | 4.1 | 0.2 | 4.9 |
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Industry revenue is measured across several distinct product and services lines, including Bread (white, wheat, rye, etc.), including frozen, Rolls, bagels and croissants and Fresh baked desserts. Bread (white, wheat, rye, etc.), including frozen is the largest segment of the Bread Production in the US.
Fresh and frozen breads see divergent trends
Companies in this industry manufacture fresh and frozen bread and other baked goods that include cakes, muffins and croissants but exclude cookies and crackers. Retail and commercial establishments then sell these products to downstream supermarkets, convenience stores and food-service providers. Many bakeries also sell their products directly to consumers.
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NAICS 31181 - Bread Production in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Health-conscious Americans have become bread-averse. Producers have responded by introducing healthier alternatives in frozen, fresh and even ethnic varieties.
Learn about an industry's products and services, markets and trends in international trade.
Bread varieties are consistently being reformulated. Varieties with higher levels of fiber and grain proteins are increasingly popular among consumers.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Key inputs drive location choices. Regions with agricultural markets attract commercial production facilities.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Innovation is at the heart of commercial success. Bread producers must adapt to changing consumer preferences, introducing new varieties and healthier options
Learn about the performance of the top companies in the industry.
Multinational companies dominate the commercial market. Grupo Bimbo and Flowers Food control nearly a quarter of the domestic market.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Producers follow strict FDA guidelines on product labeling and content. Recalls and false content claims can prove ruinous for a producer’s reputation.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Input costs are difficult to predict, eating away at profit. Still, companies have largely passed down rising costs to downstream markets.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Bread Production in the US industry in United States is $52.4bn in 2024.
There are 32,549 businesses in the Bread Production in the US industry in United States, which has grown at a CAGR of 2.7 % between 2019 and 2024.
The market size of the Bread Production in the US industry in United States has been declining at a CAGR of 0.2 % between 2019 and 2024.
Over the next five years, the Bread Production in the US industry in United States is expected to grow.
The biggest companies operating in the Bread Production market in United States are Flowers Foods, Inc., Grupo Bimbo Sab De Cv and Harvest Moon Baking Company
Bread (white, wheat, rye, et.c) including frozen and Rolls, bagels and croissants are part of the Bread Production in the US industry.
The company holding the most market share in United States is Flowers Foods, Inc..
The level of competition is high and increasing in the Bread Production in the US industry in United States.